CANADA TRUST EXPANDS INVESTMENT LINE
By Adnews Staff
Canada Trust of Toronto has added two new investment products to its portfolio. They are called the Guaranteed Investment Account and Quarter Back GIC. The Guaranteed Investment account is for investors looking for unregistered short-term investments. The account offers a competitive interest rate combined with the features of a savings account. Using the account, customers will have flexible access to it through Canada Trust branches, ABMs, telephone and Internet banking. The account pays interest rates comparable to a 30-day GIC on balances of over $5,000. The Quarter Back GIC is a three-year GIC that offers a premium rate of return and the flexibility to access up to one quarter of the initial unregistered investment. The funds can be withdrawn from the investment at any time in up to three separate transactions. A minimum initial investment of $5,000 is required for the Quarter Back GIC. Interest on the product can be paid monthly, quarterly, semi-annually, annually or at the end of the three-year term. The two products will be promoted using newspaper and magazine ads, as well as free-standing-inserts. The campaign will be created by Harrod & Mirlin/FCB of Toronto. Media buying is handled by The Media Company of Toronto.